Wealth Enhancement Advisory Services LLC Raises Holdings in Invesco Water Resources ETF $PHO

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 11.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,579 shares of the company’s stock after buying an additional 2,932 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.09% of Invesco Water Resources ETF worth $2,043,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PHO. Assetmark Inc. acquired a new stake in Invesco Water Resources ETF in the first quarter valued at approximately $25,000. Costello Asset Management INC acquired a new stake in Invesco Water Resources ETF in the first quarter valued at approximately $26,000. Golden State Wealth Management LLC boosted its stake in Invesco Water Resources ETF by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 496 shares of the company’s stock valued at $32,000 after acquiring an additional 248 shares in the last quarter. Garde Capital Inc. acquired a new stake in Invesco Water Resources ETF in the second quarter valued at approximately $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Invesco Water Resources ETF in the first quarter valued at approximately $46,000.

Invesco Water Resources ETF Stock Up 1.3%

Shares of PHO opened at $71.33 on Monday. Invesco Water Resources ETF has a twelve month low of $57.11 and a twelve month high of $74.33. The company has a 50 day moving average of $71.85 and a two-hundred day moving average of $68.53. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 25.38 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.093 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, September 22nd.

Invesco Water Resources ETF Company Profile

PowerShares Water Resources Portfolio (the Fund) seeks investment results that generally correspond to the price yield of the NASDAQ OMX US Water Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. The Underlying Index seeks to track the performance of the United States exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries.